The First Bitcoin Hashrate Bear Market Ever [NEWS]

🛠 Sponsored by:Luxor, Mining software, firmware & hashrate toolshttps://luxor.tech/SoloMining, Home & solo mining made easyCode: HASHRATEUPhttps://solomining.deAltair Technology, Buy Bitcoin Mining SolutionsCode: HASHRATEUPhttps://altairtech.ioBTC Backed Loans: https://firefish.io?ref=satoshi2984In this news episode of HashrateUp, Jesse breaks down what may be the first-ever Bitcoin hashrate bear market — and the structural force behind it: the AI pivot pulling power away from mining for good.Starting with a Hashrate Index update at $31.25/PH/day, Jesse walks through the -10% difficulty drop (with a +5.83% adjustment incoming), the 4CP season, and Texas summer curtailment driving the volatility. But the bigger story is structural: public miners are no longer maximizing hashrate at all costs — they're deciding how much of their power should stay on Bitcoin versus shift to AI and HPC.From there the episode opens into the policy and energy picture reshaping the industry: ERCOT's newly approved Batch Zero framework, 438 GW of data center interconnection requests (5x Texas's all-time peak demand), Microsoft's 2 GW West Texas AI campus, FERC ordering grid operators to fast-track large loads, and PJM's $23B warning as wholesale power costs jump 75% year over year. Plus Oman's mandatory national mining pool, Hive's $220M sovereign AI deal, and why Jesse thinks Luxor's forward hashrate market may be mispriced — a trade he's tempted to fade.The throughline: hashrate may simply not come back this cycle. As more companies pivot to AI, the miners who survive will be the ones who already think like power developers — and that power-first playbook is becoming a real competitive edge.TIMESTAMPS:0:00 Intro & Hashrate Index update — $31.25/PH/day1:17 4CP season, Texas curtailment & the -10% difficulty drop2:27 The AI pivot: every article is an AI story3:33 ERCOT Batch Zero & 438 GW of data center requests7:10 Microsoft's 2GW West Texas AI campus & FERC fast-tracking9:27 Oman launches a mandatory national mining pool11:09 Sponsor: Luxor & the forward hashrate market14:49 Bitcoin miners, AI re-pricing & the first hashrate bear market18:08 Data centers blocked & PJM's $23B power cost warning20:17 The power-first playbook as a miner's edge📲 HashrateUp Hardware DealsTelegram: https://t.me/hashrateup📩 Learn Bitcoin Mining (Free 5 Day Course)https://hashrateup.com/newsletter-sign-up/#BitcoinMining #Hashrate #AIPivot #ERCOT #Hashprice #HashrateUp